● Value: $250,000
● Rent: Currently vacant
● Loan Payment: $1,209.54/month
● Taxes and Insurance are paid in escrow included in loan payment
● Loan Amount: $172,000
● Loan Initiation: 12/6/21
● Term: 360 months
● Loan Type: ARM 5/1 Libor with 5/2/5 Caps, 5-year interest-only, 30-year term
● Margin: 6%
● Rate: 4.75%
● Improvements: New kitchen cabinets and appliances, LVT flooring, bathroom
update, interior paint.
● Updated Value Justification: Based on recent sale at 1126 Key Road.